9 Best Bitcoin Mining Stocks to Buy According to Hedge Funds

5. Terawulf Inc. (NASDAQ:WULF)

Sector/Industry: Financial (Capital Markets)

Share Price: $12.31

Potential Upside: 76.5%

Number of Hedge Fund Holders: 47

Terawulf Inc. (NASDAQ:WULF) is one of the best bitcoin mining stocks to buy according to Hedge Funds.

The stock was rated a Buy by Rosenblatt Securities analyst Chris Brendler on December 19. The analyst reaffirmed his prior call on the stock, but lowered the target price from $24 to $20. Even then, Brendler’s forecasts show more than 62% upside for the stock.

As of December 24 closing, the stock had yielded almost 118% during 2025. Consensus estimates indicate that the bullish trend will continue amid positive analyst sentiment toward Terawulf Inc. (NASDAQ:WULF). All 10 analysts covering the stock assigned Buy ratings, with a 1-year average price target of $21.73. This leads to an upside potential of 76.5%.

On December 18, the company shared a major update related to its consolidated financial and strategic standing within the high-performance computing space. Flash Compute LLC, an entity that Terawulf Inc. (NASDAQ:WULF) controls indirectly through its majority ownership, recently issued a notional $1.3 billion worth of senior secured notes via private placement. Proceeds were secured from qualified institutional investors, with notes maturing in 2030 and carrying an interest cost of 7.25%. Such financing is aimed at supporting Flash Compute’s infrastructure operations, which serve Terawulf’s purpose of diversifying its revenue streams.

Terawulf Inc. (NASDAQ:WULF) is a digital asset technology company that is heavily involved in bitcoin mining operations and high-performance computing. Having sustainability at its core, the company operates energy-efficient data centers powered by 90% zero-carbon energy for mining.